06/08/2022
*Read this 👇 or you lose your next property to Land Grabbers or Fraudsters.*
*PRACTICAL GUIDE ON HOW TO PURCHASE A PIECE OF PROPERTY IN NIGERIA* .(* *Real Estate Revelation Series 5).*
Buying a Piece land is not really complicated; neither is it as simple as buying cookies at a local store.
Before you buy land, you must understand the process. In this piece, we will walk you through everything you need to know about how to buy land in Nigeria.
These are the factors you Should try and consider before you Purchase your next property:
Step 1: Your need to consider your Budget
Step 2: You need to go for Site Inspection
Step 3: Request for the documents of the land or Property
Step 4: Do your Investigation which is known as Due Diligence.
Step 5: Ask questions if there is any additional fee on the land.
Step 6: Make your Final Decision.
*Step 1: What is Your Budget?*
What is the amount of money you are willing to spend on acquiring land ?
The price of land is strongly dependent on several factors such as, location where the land is situated, history, character, commercial drive, road network, amenities that are available, how developed the location is and so many other factors.
For instance, while a plot of land in Badagry and Ikorodu, Epe may cost you less than N1 million, the same size of land in Ikoyi, banana Island would cost several millions of naira or Billions of Naira.
*Step 2: You need to go for Site Inspection.*
When you eventually find a land that you are genuinely interested in, it is important that you carry out an inspection by physically visiting the land you are about to purchase.
The purpose of the physical inspection is to confirm that the land you are about to buy is precisely what you have been told it is. Viewing videos and photo galleries of the land is good but it’s not enough. A physical inspection is essential. It will allow you to confirm whether the land exist or not.
Another reason why you need to go for Site Inspection is
